Being a pawnbroker means to be a lender, a banker of sorts. Pawnbroking is the oldest form of consumer credit. Pawnbrokers extend cash loans secured by merchandise which is pledged. The borrower has a fixed amount of time to come back and repay the loan and redeem their pledge, or their merchandise is forfeited and sold.
Here’s a short list of some of the hidden opportunities in the pawnbroking industry, and some of the exciting benefits that one would realize in seeking a career as a pawnbroker. It will clear up many misconceptions that you may currently have.
